Crexendo (Crexendo) Inventory Turnover : 13.71 (As of Mar. 2024)

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What is Crexendo Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Crexendo's Cost of Goods Sold for the three months ended in Mar. 2024 was $5.23 Mil. Crexendo's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.38 Mil. Crexendo's Inventory Turnover for the quarter that ended in Mar. 2024 was 13.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Crexendo's Days Inventory for the three months ended in Mar. 2024 was 6.65.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Crexendo's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Crexendo Inventory Turnover Historical Data

The historical data trend for Crexendo's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Crexendo Inventory Turnover Chart

Crexendo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.35

11.17

29.01

30.07

40.65

Crexendo Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															7.69	7.91	9.31	13.59	13.71

Crexendo Inventory Turnover Calculation

Crexendo's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	21.564	/ (	(0.679	+	0.382)	/	2 )
=	21.564	/	0.5305
=	40.65

Crexendo's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	5.231	/ (	(0.382	+	0.381)	/	2 )
=	5.231	/	0.3815
=	13.71

Crexendo (NAS:CXDO) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Crexendo's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.3815	/	5.231	*	365 / 4
	=	6.65

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Crexendo's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.3815	/	14.286
	=	0.03

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Crexendo Inventory Turnover Related Terms

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Crexendo (Crexendo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Crexendo Inc (NAS:CXDO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1615 South 52nd Street, Tempe, AZ, USA, 85281

Website

https://www.crexendo.com

Crexendo Inc is a provider of cloud communications, UCaaS, call center, collaboration services, and other cloud business services. The company operates through two segments: Cloud telecommunications and Software Solutions. Its cloud telecommunications segment offers hardware, software, and unified communication solutions for businesses using IP or cloud technology over any high-speed Internet connection. The Software Solutions segment is involved in revenue generation from software licenses, software maintenance support and professional services. It generates subscription and maintenance support revenue from customer support and other supportive services. The company offers warranties on its products. It derives a majority of revenue from the Cloud telecommunications segment.

Executives

Jon Brinton	officer: Chief Revenue Officer	350 LEGGET DRIVE, OTTAWA A5 K2K 2W7
Anil K. Puri	director	1615 SOUTH 52ND STREET, TEMPE AZ 85281
Jeffrey G Korn	officer: Chief Legal Officer	1615 SOUTH 52ND STREET, TEMPE AZ 85281
Steven G Mihaylo	10 percent owner	1615 SOUTH 52ND STREET, TEMPE AZ 85281
Jeffrey Parr Bash	director	11 AMY DRIVE, WESTFIELD NJ 07090
Todd Andrew Goergen	director	1615 SOUTH 52ND STREET, TEMPE AZ 85281
David Tzat-kin Wang	officer: Chief Technology Officer	1615 S 52ND ST, TEMPE AZ 85281
Douglas Walter Gaylor	officer: Chief Operating Officer	1615 SOUTH 52ND STREET, TEMPE AZ 85281
Anand Buch	officer: Chief Strategy Officer	1615 S 52ND ST, TEMPE AZ 85281
Ron Vincent	officer: Chief Financial Officer	1615 SOUTH 52ND STREET, TEMPE AZ 85281
David Roy Williams	director	PO BOX 7019, INCLINE VILLAGE NV 89450
Jonathan Richard Erickson	officer: Chief Financial Officer	1615 SOUTH 52ND STREET, TEMPE AZ 85281
Satish Bhagavatula	officer: Chief Technology Officer	1615 SOUTH 52ND STREET, TEMPE AZ 85281
David Lynn Rosenvall	officer: Chief Technology Officer	754 E TECHNOLOGY AVE, OREM UT 84097
Clint Sanderson	other: Sr. VP -Storesonline	1303 NORTH RESEARCH WAY, OREM X1 84097